DxChain: Detailed Look at the technology

Today we’re going to discuss the boring yet important topic of internet storage the ways it’s going to be radically transforming these next 10 years. The first form of the internet took us from a single centralized model a decentralized scalable model all in the meanwhile reducing it’s security flaws in the process.
At this point the ability to decentralize data storage has become an inevitable need, it allows us to take away every point of failure and preserve the privacy of our most important asset: our data. Whilst younger generations don’t value this asset as much as its older respective generations, it should not be forgotten how important data privacy is, not only for personal reasons but also the fact that it’s monetizable.

Blockchain technology is paving the new way for the Web 3.0. Ethereum is the leader on the board at the moment since it allows a platform for launching both decentralized apps and decentralized services. These decentralized apps will exchange an insane amount of data and ergo, will require both storage as well as computation.
Just to put a scope on it, by the year 2022, there will be roughly 30 billion connected electronic devices and all of those devices will require computing power as well as data storage if they are to interact properly with one another.
The issue at the current moment is that they lack the ability for efficient scaling storage solutions and the thought of managing all that data is mind boggling. The next wave of developers are building the world’s next web 3.0 applications on the blockchain but the idea of doing this on normal storage means doesn’t make much sense. It’s both expensive and also has scaling issues, not to mention security risks.
By decentralizing all of this, all those problems get fixed. IN order for this to work, dapps on the ethereum blockchain require data storage as well as computation. This data needs to be queried, different answers/outcomes need to be gauged, predictive modeling will be initiated and thereby intelligent decisions are made for maximum efficiency output.

Also, scaling become a problem of the past since we’re tapping a resource that’s currently being unused, think about all the cycles on your cell phone that go to waste when it sits idly. A sharing economy is the economy of the future.
Let’s use the example of a network that streams data. For instance, a car can collect and use real time data from traffic sensors. It’s quite interesting because essentially the car can purchase data from the IOT traffic network, yet it collects data as well so that data can then be sold back to the network.
So now we are getting transmission of data back and forth without any compromise to the security because of DXchain’s strong security back bone.
Another topic of discussion are currency exchange protocols, a decentralized method allows reduction in friction since the network will be powered by relayers.
Once this gets implemented correctly, we will have these extremely useful and robust tools and they can operate without scale.

https://t.me/DxChainBot?start=3tbm0a-3tbm0a
DxChain’s website https://www.dxchain.com/